Ever wonder why Seattle's minimum wage never goes down? Thanks to @CityJournal for publishing my article on the thrilling topic of wage escalators.
https://t.co/Mwi21emSrK
"We look forward to @SenRandPaul’s leadership and principled stand against Senator Bernie Sanders' forced-unionism agenda," said F. Vincent @VinnieVernuccio, president of I4AW.
Rand Paul chooses ranking member slot at Senate HELP https://t.co/t6amTxlhnt
IMPOSSIBLE 🚨 James Talarico got more votes for Senator during Midterms than any Democrat Presidential candidate and Republican Governor EVER in Texas
Again, James Talarico BEAT EVERY REPUBLICAN GOVERNOR AND EVERY DEMOCRAT PRESIDENT CANDIDATE EVER IN TOTAL VOTES in Texas
Here are the vote totals of every Republican governor and Democrat Presidential going back through 2010:
- 2,737,481 votes, Rick Perry (R Governor 2010)
- 2,796,547 votes, Greg Abbott (R Governor 2014)
- 3,308,124 votes, Barack Obama (D President 2012)
- 3,877,868 votes, Hillary Clinton (D President 2016)
- 4,437,099 votes, Greg Abbott (R Governor 2022)
- 4,524,527 votes, Greg Abbott (R Governor 2026, unofficial)
- 4,656,196 votes, Greg Abbott (R Governor 2018)
- 4,835,250 votes, Kamala Harris (D President 2024)
- 5,259,126 votes, Joe Biden (D President 2020)
- 5,444,982 votes, James Talarico (D Senate 2026, unofficial)
There is no way a Democrat Senator in Texas was able to get more votes than every Republican Governor Candidate EVER and more votes than every Democrat Presidential candidate EVER in Texas
There is no conceivable way to ever believe this could be even remotely possible
Especially someone like James Talarico….
And with that rebuke of Trump, voters decided that voting for the Democrats, whom they know created the cost of living crisis was the way to go...because they just dont like Trump.
Texas has no idea what they just did. The ballots weren't even dry yet and the Governor elect and co dropped 20 bills on gun control and 3 on hiking minimum wage and many more that will exagerate the cost of living, much like in WA state.
From my op-ed today in @NJMonitor:
"The ABC test rule ... is still so onerous that on October 15, the Senate Judiciary Committee spent nearly two hours asking acting Labor Commissioner Kevin Jarvis how anyone can actually pass the test."
https://t.co/8QqRc7xKV6
How Washington's 2028 income tax interacts with the capital gains tax, and why it creates a big cliff.
How the statute works:
1. Long-term capital gains come out of the income tax base. RCW 82A.04.210(1).
2. But if you owe any capital gains tax, you add back the gains that tax reaches PLUS the capital gains standard deduction. RCW 82A.04.210(3).
3. The capital gains tax you pay is a credit against the income tax. It is nonrefundable, capped at the income tax, and has no carryover. RCW 82A.04.130.
The result: you pay the larger of the two taxes, not both. $1M of wages plus a $1M gain comes to $99,000 total.
Now the cliff. The add-back is all or nothing. It switches on only when you owe some capital gains tax, and when it does, the entire standard deduction (about $278,000 at 2025 levels) comes back into the income tax base at once.
Take someone with $1M of wages:
- $278,000 gain: no capital gains tax, no add-back, $0 tax on the gain.
- $278,001 gain: 7 cents of capital gains tax. That switches on the add-back of the full $278,001, and the income tax jumps about $27,522.
One more dollar of gain, about $27,500 more tax.
Run your own numbers: https://t.co/va5ol9MU1N